Wakarusa is a town in Harrison and Olive townships in Elkhart County, Indiana, United States. The population was 1,758 at the 2010 census.
Wakarusa is a small farming and manufacturing community located on Indiana 19 just north of Indiana 119. The town is 12 miles (19 km) south of Elkhart, 25 miles (40 km) southeast of South Bend, 120 miles (190 km) east of Chicago, and 140 miles (230 km) north of Indianapolis.
The town was in the news on August 5, 2009, following the visit of President Barack Obama to announce that Indiana was to receive $400 million USD in federal stimulus funds to help revive the state economy.